What is the U.S. economic system?

The U.S. economic system is the largest in the world as of 2009, with a gross domestic product of roughly $14.2 trillion. Much of this success lies in its limited control of the private sector, pro...
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What economic system is used in the USA?

The United States is a market-oriented economy. According to Auburn University's "Glossary of Political Terms," a market economy is one that is regulated by the laws of supply and demand, rather th...
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What is Brazil's economic system?

Like with many countries, Brazil's economic system blends market and socialist characteristics. Brazil has experienced enormous economic growth in the early 21st century, but poverty and political ...
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What is the global economic system?

At the end of World War II, many government officials began to notice the increasing interdependence of the world's economy, where one nation's economic decisions have a great effect on the economi...
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